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Sold the entire 2.5% PAL position at $6.00 (up 15% on the day) for a 19% profit in two weeks.

Bought 1% position in JJA at $59.33 (down 1.53% on day) – agricultural commodity ETN

Bought 1% position in COW (pork & beef) commodity ETN at $44.50

Sold ECA at $92.81 – 2 point trade. Will look to possibly re-enter ECA after seeing where the initial flurry of activity settles down to. Oil is lower today so ECA is bucking a trend and the higher price level this morning may not hold.

Bought a 1% position in ECA pre-open at $90.81. They are splitting into two companies with one to focus on the oil sands project. Usually this type of split results in the pieces being valued higher than the previous un-split entity.

Sold entire 2.5% PGH position at $19.90 (up 1% on day) for a 7.5% gain.

Bought another 1% FCX position at $113.51 (down 4.5% on the day) for a total of 3.2% holding.

Added to MT position at $93.43 (down 2.7% on the day) to increase position to 2.3%

Sold entire 2.5% PWE position at $32.15 for 2.75% loss. Lightening up on oil-related positions.

Sold 1.5% PVX position at $11.45 – 4.5% loss. Lightening up on oil-related holdings. Should be noted that these energy trusts are all very high-yielding, have been held for a fairly long time and with dividends received they all represent overall profitable positions.